Seed · Climate Tech · Gothenburg, Sweden · Founded 2020 · 20–28 employees
Cetasol develops iHelm, an AI-driven decision support platform for maritime sustainability that helps small and mid-sized vessels achieve 10-25% fuel savings through real-time optimization. The company was founded in 2020 by former Volvo Penta Chief Engineer Ethan Faghani and has secured €2.3M in seed funding led by BackingMinds and Shift4Good in 2025. Their digital twin technology and machine learning capabilities address the underserved market of smaller vessels, which comprise nearly 90% of the global fleet but often lack access to affordable optimization tools.
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